Investors lost $1,000 in a crypto token that crashed
10 posts across 5 communities in the last 30 days; 60% from r/CryptoCurrency.
“Who else lost there butt with this token? Just curious if anyone else besides the top holders knew this wouldn’t pass legislation before and got out in time or lost everything to these ***holes?”
“Of all the difficulties I faced building, this wasn’t one of them. Your exit is determined by you. If a token 30X and the trader opted out of taking profits at any point before it hits bottom, that is easily accounted for.”
“Hopefully you didnt buy the local top of zcash or hyperliquid 🙈”
Users report losing $1,000 in a crypto token (USWR) that plummeted in value, describing the loss as devastating and comparing it to gambling. The token's value tanked without clear explanation, leaving investors confused and upset.
SOURCES (55)
“Of all the difficulties I faced building, this wasn’t one of them. Your exit is determined by you. If a token 30X and the trader opted out of taking profits at any point before it hits bottom, that is easily accounted for.”
No way bro. Keep bootstrapping and then exit with liquid cash.
“Probably if it goes past ath. I could see this thing at like $10 or $1,000 so who knows. I’m probably gonna sell most and hold on to 10-20 coins”
Is it fuck! Blockchain gaming sank is NFT's. Get over it bro...
“obv its profitable and earns a big exit to them while just dumping liquid only [long thing short]”
“btw about this time last year I was at 6.5k. wish I would have sold then, sigh. been hoping it’d go back up.”
“Love it how Americans are getting frustrated that they don't know these two. Yet when they post something similar with no explanation they expect the rest of the world to know.”
“https://preview.redd.it/4uyodjlw6cnh1.png?width=1254&format=png&auto=webp&s=3f1a9e4d8fc4199463d02b508cf69775d5feb04c”
“I took a nearly $30,000 loss this year selling off my atom. Thankfully I sold just under $5, I’d be completely fucked at current prices. I check every now and then for the lolz”
“What a stupid investment strategy. He should start with an etf and go from there.”
It's so fucking annoying when shit like this happens, I feel for you man.
“I sold a bulk of these coins before the price dipped from 1.13 to .99 Now the price is 1.15, I feel like a turd before being flushed. You missed out on just 1.77%... if that is enough to upset you then I really don't think investing is going to be good for your mental health. If you are emotional about this stuff you are going to end up in a cycle of stress, which causes more mistakes, which causes more stress... that isn't going to end well for either your portfolio or your sanity.”
“Oh I just noticed. I am also 95% down. It's obvious. Now I see how this all is just so much obvious.”
“That sucks, sorry to hear about this. Had a guy I knew sell a company with a large rollover to a holding company that went under shortly afterwards. He barely got anything. Definitely didn’t get $8M if that makes you feel any better.”
“Not disagreeing, but what’s done is done and I’d try not to let that “what if” ruin the present or future.”
“Sorry to hear. Earnouts are sketchy. Lots of posts about this in previous posts on here. What's done is done, enjoy the 8M and figure out if you will retire or start something new (maybe to compete with the scammers?)”
“This company (and token) had zero future and this sub went absolutely bonkers pushing it as the next big thing. Having been in crypto since 2016 and being one of the first 10,000 of this sub, I can tell you two things are for certain. the moment anything reaches here it’s already too late and you should always inverse the majority.”
I can see on chain kraken wallets and they are not insolvent.
“Based on this post alone even if you bought at that time i dont think you wouldve sold in profit”
“Obviously cause they're insolvent and they don't have thousands of dollars to return to you 🙄”
“Ahh I called it post taken down....not an odd thing to say if you understand a bit about humanity (social animals etc) prediction markets are big and humans love to gamble but how can they provide a sense of community like memecoins in some ways do. Personally I don't like the all online texting in some chat room way of the world now but it still works for a lot of people”
“Who else lost there butt with this token? Just curious if anyone else besides the top holders knew this wouldn’t pass legislation before and got out in time or lost everything to these ***holes? submitted by /u/OddTechnician3972 [link] [comments]”
“I lost my butt in this exchange, and curious who else did ? I feel like it was a total setup and scam for the rich (top 10) holders to get richer. Obviously it’s my own fault for not understanding the full dynamics of the coin, or the fact that it even had to pass through legislation for it to be worth something. Anyway, I was curious of other’s perspective and experience with this particular project. submitted by /u/OddTechnician3972 [link] [comments]”
Yes! But thats maybe 30k worth of loss? You suggesting i get rid of them ?
“That sucks man, I lost my 0.1 btc ( which was a lot to me) last month so I can relate 😕”
Though I walk through the valley of the dip, I shall fear no red candle
“Obviously I wont be doing that, I just said that to explain how bad the loss feels to me since it was a rug pull.”